Barclays analyst Brandon Oglenski has revised the price target for CSX Corporation (CSX, Financial), reducing it from $35 to $31. Despite maintaining an Overweight rating on the stock, the adjustment reflects ongoing concerns highlighted by a weaker-than-expected first quarter performance, which did not meet even the modest expectations set by the company's management.
Oglenski points out that persistent issues with network services may extend into the third quarter, contributing to the cautious outlook. While CSX shares are considered undervalued, uncertainties in the broader economic environment and expected downward earnings revisions are causing investors to remain wary about the stock's long-term value potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for CSX Corp (CSX, Financial) is $33.89 with a high estimate of $38.00 and a low estimate of $27.00. The average target implies an upside of 23.92% from the current price of $27.35. More detailed estimate data can be found on the CSX Corp (CSX) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, CSX Corp's (CSX, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CSX Corp (CSX, Financial) in one year is $35.53, suggesting a upside of 29.91% from the current price of $27.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CSX Corp (CSX) Summary page.
